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DetailsWhat are India's plans for Chabahar?

Although India has been pushing for the project for almost a decade, there has been little progress on the ground due to bureaucratic delays and tough negotiations.

After sanctions were lifted in 2016, India promised $500 million to develop the port.

The Modi government is working on developing fertilizer plants, roads and railways around the port, which could amount up to $15 billion.

ObstaclesAre US-Iran tensions starting to affect India's ambitions?

India Ports Global Private Limited, the Indian state-owned company involved in developing Chabhar has not been able to attract bidders to award tenders on supply of equipment including cranes.

Finnish companies Cargotec and Konecranes and Swiss engineering company Liebherr have communicated to them that they have been unable to participate in the bidding as their banks refused to facilitate financial transactions fearing US wrath.

AnalysisWhat now?

Recent tensions in the Middle-East poses serious concerns to India's stakes in the region. India will have to carefully manage its interests without inviting Washington's wrath.

While an anonymous source indicated that India is currently chasing after suppliers, Ambassador Saurabh Kumar indicated that banking channels have started to ease. He added that Iran is expected to approach India with proposals soon.